Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) Short Interest Up 20.5% in March

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) was the target of a large growth in short interest in March. As of March 31st, there was short interest totalling 4,470,000 shares, a growth of 20.5% from the March 15th total of 3,710,000 shares. Approximately 1.8% of the shares of the stock are short sold. Based on an average daily volume of 1,090,000 shares, the short-interest ratio is currently 4.1 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in shares of Compañía de Minas Buenaventura S.A.A. during the 4th quarter valued at about $50,000. Mirae Asset Global Investments Co. Ltd. boosted its position in Compañía de Minas Buenaventura S.A.A. by 41.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,752 shares of the mining company’s stock valued at $58,000 after acquiring an additional 1,389 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Compañía de Minas Buenaventura S.A.A. during the 4th quarter worth approximately $63,000. R Squared Ltd bought a new position in shares of Compañía de Minas Buenaventura S.A.A. in the 4th quarter worth approximately $74,000. Finally, GAMMA Investing LLC boosted its position in shares of Compañía de Minas Buenaventura S.A.A. by 64.8% during the fourth quarter. GAMMA Investing LLC now owns 9,717 shares of the mining company’s stock valued at $112,000 after purchasing an additional 3,820 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have recently commented on BVN shares. Scotiabank boosted their price target on shares of Compañía de Minas Buenaventura S.A.A. from $15.00 to $15.50 and gave the company a “sector perform” rating in a research report on Monday, April 14th. StockNews.com cut shares of Compañía de Minas Buenaventura S.A.A. from a “buy” rating to a “hold” rating in a research report on Monday, February 24th.

Compañía de Minas Buenaventura S.A.A. Trading Up 3.3 %

BVN stock opened at $14.77 on Tuesday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.64 and a current ratio of 1.82. Compañía de Minas Buenaventura S.A.A. has a one year low of $11.50 and a one year high of $18.84. The company’s 50 day moving average price is $14.10 and its two-hundred day moving average price is $13.20. The company has a market capitalization of $3.75 billion, a PE ratio of 10.48 and a beta of 0.37.

Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) last announced its quarterly earnings results on Thursday, February 20th. The mining company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.07). The company had revenue of $299.59 million during the quarter, compared to analysts’ expectations of $315.77 million. Compañía de Minas Buenaventura S.A.A. had a return on equity of 6.15% and a net margin of 32.40%. As a group, analysts predict that Compañía de Minas Buenaventura S.A.A. will post 1.13 earnings per share for the current fiscal year.

Compañía de Minas Buenaventura S.A.A. Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Monday, May 12th. Stockholders of record on Wednesday, April 16th will be given a $0.2922 dividend. This is a positive change from Compañía de Minas Buenaventura S.A.A.’s previous semi-annual dividend of $0.07. This represents a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, April 16th. Compañía de Minas Buenaventura S.A.A.’s dividend payout ratio (DPR) is currently 17.72%.

Compañía de Minas Buenaventura S.A.A. Company Profile

Compañía de Minas Buenaventura SAA. engages in the exploration, development, construction, and operation of mineral processing business. The company explores for gold, silver, lead, zinc, and copper metals. It operates operating mining units, including Tambomayo located in the Caylloma province, Orcopampa Unit located in the province of Castilla, Uchucchacua located in province of Oyón, Julcani located in province of Angaraes, Peru, as well as San Gabrie located in the province of General Sánchez Cerro, in the Moquegua region.